$ALL

Allstate reported $1.65 billion in Q3 catastrophe losses, nearly triple the prior year, due to summer storms. September alone accounted for $220 million in pre-tax losses, according to the company's latest filing.

Arity, a subsidiary of The Allstate Corporation, has agreed to acquire INRIX, a transportation intelligence provider. The deal aims to combine Arity's driving data with INRIX's mobility analytics to enhance transportation insights. The acquisition is expected to close in 2026, subject to conditions.

Allstate (ALL) reported September catastrophe losses of $220M ($173M after-tax), down from $748M ($590M after-tax) in August and higher than $161M ($128M after-tax) in the same month last year, according to the company.

Allstate reported $1.65 billion in disaster losses for Q3. The company, which offers insurance products, has 216 million policies in force. This information was disclosed in a routine financial update.

U.S. analyst updates on October 12th, 2026, show a cautious outlook with more price-target reductions than increases. Financials, insurance, and real estate saw conservative valuations, while tech sentiment was mixed. Energy received stronger support, and healthcare saw positive coverage.

Allstate's shares rose after Wells Fargo upgraded its rating. BofA also adjusted its price target to $340 from $336, maintaining a buy rating. The stock has seen a 5-day increase of 1.49% and a year-to-date gain of 11.96%.

Wells Fargo upgraded Allstate (NYSE:ALL) to Equal Weight, lowering its price target to $236. The move follows an 11% share decline since September, citing underperformance and fair valuation. Allstate trades at 9.7x, 9.1x, and 8.5x Wells Fargo's normalized 2026-2028 EPS estimates, below its 10-year averages. InvestingPro values Allstate at $290, noting low earnings multiples. Wells Fargo expects margin deterioration due to pricing declines and record industry profitability.

Texas Department of Insurance reported that home and auto insurance rates are trending down, with homeowners insurance companies proposing an average 4.3% decrease and auto insurers a 0.6% increase. However, State Farm, the largest homeowners insurer, filed a 4% statewide rate increase, affecting 751,000 policyholders. Other insurers have also filed mixed rate changes. TDI encourages companies to consider lower rates due to favorable industry results in 2025.

State Farm is raising Illinois homeowners insurance rates by 8% for new policies starting October 1, 2026, and for renewals starting December 1, 2026. This follows a 27.2% increase in 2025, as the company cites higher claims and expenses. State Farm paid $1.22 in claims for every $1 collected in premiums over the past three years. Allstate also raised rates in Illinois, and industry-wide, homeowners insurance costs have risen 46% since 2021.

Analysts made several rating changes: UBS upgraded Invesco (IVZ) to Buy with a $41 target, Raymond James initiated M&T Bank (MTB) as Outperform with a $250 target, Morgan Stanley upgraded Nexa Resources (NEXA) to Overweight, and others. KeyBanc upgraded Corteva (CTVA) to Overweight with a $17 target, Jefferies upgraded Ambiq Micro (AMBQ) to Buy with a $90 target, and Citi upgraded Flutter to Buy with a $91 target.